Ethereum ETH/USD is traded at the level of 319. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend in Ethereum. A support area test is expected near the level of 307, from which one should expect a rebound and a growth attempt with a target at level 365.
Ethereum forecast & analysis ETH/USD on August 25, 2017
Previously, a strong signal was received for buying of Ethereum cryptocurrency, by crossing the signal lines at level 318. The abolition of the Ethereum growth scenario will be a breakdown of the lower boundary of the Ichimoku Cloud Kinko Hyo with the closing of quotes below the area of 300, which indicates the change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the area of 350.
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